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Degausser said:

 I didn't really agree with his rant on Microsoft and the Xbox. I think it's a great thing for consumers that we're not being forced to fork out another $400 on another console only 4 years after we bought the last. It's much better value for consumers - many 'rants' could be focused on how exploitative the 5 years lifecycle thing was. The very fact this episode had him going at the Vita launc lineup was kind of ironic, as demanding new consoles and stuff will quickly lead to him complaining about a lack of content on his shiny Xbox 720 4 months after launch. Especially if they rush the thing out like he's demanding.

 A rant about how dragging this console cycle is, is fine, but I think he went at it from the wrong angle. Microsoft (And Sony too) are in many ways saving the consumer money and giving them maximum value by prolonging this cycle. He should of focused the rant on how far PC graphics have surpassed consoles now, rather then suggest Microsoft are trying to milk the thing on greed when infact many would argue it's the best possible thing for the consumer.

By far not the best thing for this consumer. I haven't used my 360 since ME2.
Games still come out for the previous console when a new one comes out. Well maybe not for the original xbox which got dropped like a rock but that wasn't the case for the ps2 and gc. Zelda TP, FF12 and GoW2 still looked great at the time. You don't have to buy a new console straight away. It's better to buy them 1 or 2 years in anyway. But that will be at least 3 years from now...
He should have said something about the Wii though, being dead in the water and all. The wiiU should have come out last holiday season and 720 this year. But it's nice of MS to give the ps4 a good start I guess.

We need new consoles so developers have room to experiment again without having to constantly worry about the screenshots. Every last bit of memory and cpu/gpu power is going into graphics now, innovation is done for AAA games this gen.